Procurement Analyst

Magnit Direct Sourcing on behalf of Toyota is currently hiring a Procurement Analyst for a temporary assignment in Plano, TX.

This is a 12 month contract. The pay range for this role is between $30/hr - $40/Hr. Benefits: Medical, Dental, Vision, 401K.

Who We Are

Collaborative. Respectful. A place to dream and do. These are just a few words that describe what life is like at Toyota. As one of the world’s most admired brands, Toyota is growing and leading the future of mobility through innovative, high-quality solutions designed to enhance lives and delight those we serve. We’re looking for diverse, talented team members who want to Dream. Do. Grow. with us.

What We’re Looking For

• The buyer/contingent will be responsible for the creation and execution of procurement strategies across various purchasing categories and commodities. These responsibilities include developing and implementing multi-year spend strategies, planning and managing sourcing (RFx) events, supporting the development, negotiation, and execution of contractual documents (MSAs, SOWs, amendments), and building strong relationships with business units, stakeholders, and suppliers.

• The buyer will manage procurement activities related to requests involving Tier I and Tier II suppliers (suppliers offering financial or “regulatory” services to TFS). To this end, the buyer must have a strong understanding of financial and regulatory compliance standards and practices. Financial services or banking experience is beneficial.

• The individual performing this role must be capable of influencing across all levels of management, business, and supplier teams, leveraging experience, negotiation skills, and integrating external benchmarking and KPI/metric data to affect delivery outcomes from suppliers that meet and exceed expectations.

What You’ll Be Doing

Strategic Sourcing

• Develop and negotiate contractual agreements supporting strategic and/or tactical sourcing plans, including but not limited to master supplier agreements/addendums, statements of work, amendments, product schedules, renewals, extensions, and non-disclosure agreements

• Develop a strategic sourcing framework by creating strategies across products, services, and commodities, including development and implementation of strategies for responsible commodities

• Execute sourcing plans that support business unit objectives and maximize profitability through lower costs, rebates, volume discounts, or revenue generation opportunities, while supporting innovation, improved service levels, and stronger supplier relationships

• Support professional services commodities

• Facilitate regular planning meetings with business units and develop short-term and long-term procurement strategies

• Lead and facilitate sourcing initiatives (RFx) in collaboration with TFS management, business units, stakeholders, suppliers, and/or TFS affiliates, ensuring a competitive sourcing environment

• Oversee and execute strategic sourcing functions, contracts, and RFx sourcing events

• Participate in and facilitate contract negotiations to ensure alignment with sourcing processes and overall TFS procurement strategy

• Provide consultation and support for expiring, expired, and terminated engagements, ensuring renewals and amendments are proactively planned and budgeted

• Support purchase requests for Tier I and Tier II TFS commodities and perform ongoing supplier market analysis

• Work with customers to provide strategic direction in building business requirements

• Collaborate with IPSS contract and PO teams to ensure requests are completed accurately and in a timely manner

Compliance

• Demonstrate expertise and ensure compliance with all procurement concepts, policies, and procedures

• Assist in identifying requirements and interpreting and documenting those requirements so that internal customers and suppliers clearly understand contractual obligations and expectations

Customer Support

• Educate and train customers and team members on sourcing and contracting processes, best practices, and negotiation strategies to maximize cost effectiveness

• Ensure frequent communication between customers, suppliers, project teams, and other relevant stakeholders

• Continually review and monitor current processes to identify potential Kaizen opportunities

• Provide proactive communication with internal and external customers regarding work status and escalate tasks or issues as appropriate

Qualifications / What You Bring (Must Haves)

(Highlight Top 3–5 Skills)

• Bachelor’s degree in business or a related supply chain management discipline, or equivalent experience

• 5+ years of experience in contract development, sourcing, negotiations, data analytics, and contract management

• Proficiency with Microsoft Office Suite (Excel, PowerPoint, Word, Outlook, etc.)

• Demonstrated leadership experience and skills

• Strong interpersonal skills with the ability to interact professionally across different groups and management levels

• Strong analytical skills with high attention to detail

• Strong problem-solving skills, including the ability to offer business-oriented solutions to complex compliance issues

• Excellent written and verbal communication skills

• Ability to work independently and efficiently with a low margin of error

• Experience organizing, prioritizing, and managing multiple tasks with flexibility and efficiency

• Experience leading or participating as a key contributor on projects

• Experience supporting professional services commodities

• Ability to work with customers to provide strategic direction in building business requirements

Added Bonus If You Have (Preferred)

• Knowledge of eMarketplace tools and Ariba Spend Management

Talented, dedicated people are an integral part of our mission to build the best workforce, working together to create the future of mobility and make the world a better place. We are always on the lookout for diverse, driven, and collaborative talent interested in performing contract work for Toyota.

Click here to join our talent network and be the first in line when a new contingent job opportunity opens at Toyota through Magnit Direct Sourcing.

Magnit is an equal opportunity employer, and all applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability, or protected veteran status.

QUALIFICATION/LICENSURE
Work Authorization : Green Card, US Citizen
Preferred years of experience : years
Travel required : No travel required
Shift timings :